Insider Brief
- Rhino Federated Computing raised $15M in an oversubscribed Series A round led by AlleyCorp, bringing total funding to over $30M to expand its federated AI collaboration platform.
- Founded by Dr. Ittai Dayan and Yuval Baror, Rhino enables enterprises in regulated sectors to collaborate on AI and data science without centralizing data, powering use cases in biopharma, healthcare, and financial services.
- The new funding will accelerate deployment of its enterprise-grade platform across more industries, helping organizations unlock the value of proprietary data while maintaining privacy, security, and compliance.
PRESS RELEASE — Rhino Federated Computing, the leading platform for federated AI collaboration, has announced the close of an oversubscribed $15 million Series A funding round led by AlleyCorp. All existing institutional investors participated, including LionBird, Fusion Fund, Arkin Digital Health, Qiming Venture Partners USA, Telus Global Ventures and Keren Maccabi, as well as new investors Wilson’s Bird Capital, Mr. Frank Sica, and Gaingels. The round brings Rhino FCP’s total funding to over $30 million to-date.
Founded in 2020 by Dr. Ittai Dayan (who led AI development and deployment at Mass General Brigham and was a researcher at Harvard Medical School) and Yuval Baror (serial entrepreneur with over 20 years of experience building AI based production systems), Rhino FCP enables enterprises to work together on AI and data science initiatives without centralizing data — fueling a new era of federated AI that protects data ownership, complies with regulation, and accelerates innovation. The company is already powering major use cases, including:
- Building federated GenAI capabilities to transform biopharmaceutical R&D (e.g. the FAITE Biopharma Consortium for Biologics Engineering)
- Supporting healthcare organizations in building data harmonization & federated collaboration infrastructure (e.g. Sheba Medical Center Data Interoperability & Access)
- Enabling financial institutions to combat fraud and financial crime (e.g. Google & Swift Financial Fraud Prevention)
With this new capital, Rhino will scale these capabilities across more customers and regulated sectors, bringing to market a robust, enterprise-grade solution for organizations looking to collaborate with data at scale.
“Federated AI is the future of innovation in regulated industries,” said Dr. Ittai Dayan, CEO and co-founder of Rhino Federated Computing. “We’re helping organizations unlock the power of their data — not in isolation, but as part of an interconnected, secure network. This investment allows us to accelerate that mission and expand the reach of our platform.”
Dr. Alexi Nazem, General Partner head of healthcare at AlleyCorp, added: “In the rapidly advancing era of artificial intelligence, unique data is becoming incredibly valuable. But often that data is private and proprietary, so private, secure, and effective collaboration tools are necessary to activate and realize the true value of that data. It’s a difficult challenge, especially in highly sensitive fields like healthcare and financial services, and Rhino’s federated AI platform is the most compelling foundation we’ve seen for making that possible.”
About Rhino Federated Computing
Headquartered in Boston, MA, with an R&D center in Tel Aviv, Rhino has built the trusted end-to-end tech stack for federated AI in regulated industries. Rhino FCP enables data-driven collaboration across institutional and geographic boundaries — without requiring data centralization — empowering enterprises to safely scale AI and analytics across increasingly large networks. Rhino is committed to delivering scalable, secure, and compliant data collaboration without sacrificing speed or control.
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